After a few days of freefall and touching 2-week lows, bitcoin has recovered and is near $44,000. Altcoins are also a bit green today, but the NEAR protocol stole the show with a massive double-digit jump.
Bitcoin Eyes $44K
cryptopotato Reported recent price movements of bitcoin, mainly going south. The asset crossed $47,000 on a few occasions as of April 5 before the bears took full control of the market.
A day later, BTC found itself falling below $45,000, and the situation worsened yesterday – April 7th. This time around, bitcoin dropped by another two grand to a daily low of $42,800. This has become its lowest price point since March 24.
However, at that point the cryptocurrency bounced and started to gain traction. So far, it is close to $44,000, which means it has gained almost $1,000 in the past 24 hours.
Nevertheless, its market capitalization has fallen below $850 billion. It’s worth noting that the metric was above $900 billion as of about a week ago.
Near Protocol steals the show
Altcoins have also suffered in the past few days, but most are a bit green today. Ethereum dropped to around $3,200 just days after hitting a three-month high above $3,500. So far, the 2% daily increase has pushed the second largest cryptocurrency to around $3,300.
Binance Coin, Solana, Ripple, Cardano, Polkadot, Dogecoin, and Shiba Inu also posted modest daily gains. Avalanche is up 4.5% after a $200 million token swap with Terra. Interestingly, the latter’s native cryptocurrency (LUNA) is down by the same percentage on the 24-hour scale.
The NEAR protocol has seen the most impressive surge today, with a massive 24% increase. As a result, NEAR is near $20 and its ATH is near $20,44 (according to CoinGecko).
The crypto market cap is down from $150 billion in the past three days and is now just over $2 trillion.
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Cryptocurrency charts by TradingView.